Director in Operational Risk at Morgan Stanley managing External Theft and Fraud while driving strategic evolution of risk management practices. Overseeing fraud risk monitoring and fostering collaboration across risk units.
About the role
- VP, Third Party Risk Officer responsible for managing Third Party risks within Operational Risk. Collaborating with teams globally on risk assessment and reporting with a strategic impact.
Responsibilities
- Implement, maintain, and enforce the Operational Risk Management Framework including policies and procedures, training, testing and monitoring, as required by or as appropriate in light of specific laws, regulations and policies governing their operations
- Leverage the Firm's Operational Risk Management Framework to identify and assess significant Third Party risks and ensure appropriate mitigation actions are undertaken
- Monitor risk with a focus on third party
- Liaise with business leads, risk managers, and global colleagues to ensure the risks are managed within the Firm's risk tolerance
- As a key member of functional working groups and global committees, providing 2nd line oversight specific to Third Party, bring transparency to significant risks and enforce standards on inherent and residual risk ratings
- Partner with the 1st line, Third Party Risk Management and Functional Areas in proactive management of risks and delivery of change management / transformation initiatives
- Provide regular reporting and metrics to senior leadership and risk committees
- Support the Head of Third Party in developing and driving NFR strategic initiatives, and lead or assist production of Management Information as appropriate
Requirements
- 6-8 years' experience in the financial services industry within risk management
- Exposure to sourcing / procurement, vendor risk management is preferable
- Strong interpersonal skills and experience in working as part of a team to achieve strategic outcomes, especially under the period of transition and transformation of roles and responsibilities
- Relevant experience and knowledge in managing Third Party risk
- Knowledge and experience in assessing Third Party resilience would be beneficial
- Strong analytical and problem-solving skills and the ability to provide viable solutions in a time-sensitive environment
- Ability to develop, foster and maintain effective working relationships with a variety of senior and junior colleagues and counterparties (local, regional, and global, and within and outside of ORD)
- Capacity to prioritize in a fast moving, constantly changing environment to handle multiple tasks simultaneously and work under fast-paced working environment
- Excellent written and verbal communication skills
- Highly motivated self-starter able to work independently while collaborating and coordinating as part of a global program
Benefits
- Medical
- Prescription Drug
- Dental
- Vision
- Health Savings Account
- Dependent Day Care Savings Account
- Life Insurance
- Disability and Other Insurance Plans
- Paid Time Off (including Sick Leave consistent with state and local law, Parental Leave and 20 Vacation Days annually)
- 10 Paid Holidays
- 401(k)
- Short/Long Term Disability
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